'The Airline Industry is Not Meant to be a Low-cost Mass Transit System'

As a whole, American journalism has a huge bias against the airline industry. Think about it. Remember the last story you saw or read about airline fees? Was the airline side of the story told? Almost certainly not. From the media perspective airlines wear a black hat and passengers wear a white hat. So it was a big surprise today to read a story told from the airlines' point-of-view...

"To fly someone from New York to Los Angeles and back, airlines spend close to $330 these days -- just on fuel. That's a 48 percent increase from last year and the main reason vacationers face record costs to fly this summer." Read the rest of the story from Bloomberg Business Week.